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Tale of the Tape

Zacks Equity Research

Strength Seen in Susser Holdings (APP): Stock Soars 36.3%
April 29, 2014

FL KATE

Trades from $3
Susser Holdings Corporation was a big mover last session with shares surging over 36% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company as the stock is now trading way above the past one month’s volatile price range of $57.03 to $64.57.

This convenience store chain has seen four negative estimate revisions in the last 30 days. The Zacks Consensus Estimate has also moved lower over the same period. This implies trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s sharp climb can last.

Susser Holdings currently bears a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

Some other well-placed retail stocks include American Apparel, Inc. , Foot Locker, Inc. (FL - Free Report) and Kate Spade & Company (KATE - Free Report) . All three stocks hold a Zacks Rank #2 (Buy).

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